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will be recognized for one minute. >> mr. speaker, i rise today in strong support of the nuclear energy sector, not only do nuclear power plants provide affordable, reliable and clean energy, they also provide many quality high-paying jobs and are the backbone of many communities. my district is shome to a nuclear plant -- is home to a nuclear plant that employs near 700 people. nuclear energy is a secure energy source that plays a vital role in a responsible, all-of-the-above energy policy. mr. davis: it is the biggest provider of reliable, efficient, clean energy and it provides on-demand energy 24/7. the recent record cold temperatures in the midwest show the importance of energy diversification. many of my constituents saw steep increases in their electric bill. while pipes froze and transportation became difficult because of iced roads and bridges, nuclear power remained consistent. i worry that things could have become worse if nuclear power wasn't able to fill the gaps where needed. this is why i stand here today in support of nuclear energy and all of my constituents and the hardworkin
. and today worries about supplies sent energy prices rising. oil jumps 2.3%, not a huge price, but enough that you might see a bit of an increase in gasoline and home-heating prices in the next ten days or so. the effect was more dramatic on natural gas prices in europe. america's natural gas is.com nesticly produced so the u.s. is not effected directly by prices in europe. but a sharp and sustained prize in energy prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if
care reform, one of the authors of this bill, mr. waxman, the ranking member of energy and commerce, from california. the speaker pro tempore: the gentleman from california is recognized. mr. waxman: i thank the gentleman for yielding to me. the truth of the matter is no matter how many votes the republicans cast to repeal the affordable care act, and no matter how many distortions they spread about the law, there are some facts they cannot change. they cannot change the fact that because the affordable care act nobody in america can ever again be denied health insurance because they have a pre-existing condition. they cannot change the fact that a woman can never be charged more than a man for the same coverage. they cannot change the fact that a family will never again be left without coverage just because their child's hospital bills got too high. these facts are stubborn. they are inconvenient for my republican colleagues, so they ignore them and they deny them. republicans have voted or will today 50 times to try to take away the basic security and freedom guaranteed by the aff
as a lost ideal? >> we're going to be looking at energy security in the next half hour of "gmt" as the white house says a billion dollars in energy aid is coming to ukraine's way. john kerry has just arrived in kiev as well. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers, you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com [ ship horn blows ] no, no, no! stop! humans. one day we're coming up with the theory of relativity, the next... not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? introducing starbucks via latte. instant coffee lovers now have something new to love. still running in t
cell energy and all of them hitting 52 week highs. all thanks to to as low. the unstoppable stock. adam: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody li
bailout, and second, they don't control their own energy. they have to get energy from russia. they as well as europeans get russian energy, now, when you think about of what -- how can you solve ukraine. europe can't stand up to russia europe needs russian energy, i take a step back, say what happened in last week,ing in to ukraine, nobody is talking about that chinese have come out support of the russians are. and while putin was preparing this, i think he has prepared this for long time in middle of the olympics he left sochi, he went to moscow and met with egyptian defense minister, they sign an agreement saying that russia will replace united states as primary weapon supplier for egypt, that is a major strategic in middle east. because egypt and israel, have kept the peace for 40 years, not just what we're all focused on tragedy of ukraine, but a much bigger picture, where whose destiny is anyone controlling it should be a caution for united states don't get into debt, and absolutely make sure that your energy self much. much. lou: wore working on the latter, but we're so
at kiev business school and from washington, mihala acting director of the council's energy and environment program. jacob, is there much in the way of economic leverage at the u.s. holds in russia? >> cared to the e.u. in my opinion no. you like in europe, for instance, you could move to targeted freezes because a lot of russian least similar to what the former ukraine cocaine leadership had in europe, they had money inside the e.u. and that could be frozen. they don't have as far as i know much money in the u.s. so no, there isn't much. >> how is russia enmeshed in the economy of e.u. and europe more broadly? >> indeed, but the point is that the current situation isn't purely economic. when speaking just about the economy, western countries, european countries are interested in keeping close ties to russia in importing russian gas and exporting technology and investing into huge russian potential. but at the moment since last week we have geopolitical military situation and it prevails on economic. that is why european leaders change their minds and their statement become
of concerns that such sanctions would boost energy costs by enough to damage real economic activity. melissa: without question and to me it seems like, brian, the long-run move here is to develop even more natural gas we can export as lng or maybe we export our own technology and partner with people in europe to develop natural gas. the real power russia has is their natural resources. you think we can take that away from a market perspective? >> well you are concerned about higher energy prices especially the winter we just had. when i hear what judy said and former ambassador this would be prolonged. how will it impact my investments told to be overweight europe because europe is been improving but is a major risk to that investment thesis. you could see continued selling. wait until you see how it shakes out. don't be a hero today. melissa: what do you think about that, judy, as an arguement? developing more energy and helping the world to be more energy independent of hot spots? we don't need to just focus on middle east but energy independent of russia as well? >> absolutely. anyone inv
in the ukraine. deteriorating. the country's energy situation is crucial. after the break, we'll find out who is waiting in -- who is weighing in on the ukraine's power struggles. ♪ >> welcome back. we're taking a closer look at europe's energy situation. affected by the conflict in the ukraine. what happens next is completely up in the air. joining us now is the executive chair of the global energy symposium. let's talk about europe's exposure to russian gas and the ukrainian throughput. to what extent should we be worried by the escalating situation? >> the longer this crisis remains, the greater the impact is going to be on energy expectations in europe. we are already seeing that this morning. of any has happened great significance in the ukraine other than some russian troops showing up in the crimea. it has been enough to start spiking prices and spiking future levels. that is going to be more pronounced as we move forward. the interesting thing is what is already doing in new york, which i think is an overreaction at -- moment, given what is at what is actually occurring. i keep tell
by the russians, it has become more of a geopolitical issue. in that sense it raises the stakes in both energy prices and other risks. we might see energy prices go up. a good chunk of europe's gas supply come from russia. and if that is at risk, they could be cut off. >> when we talk about emerging markets many include russia in places where you can invest and get a very high return. iin the risk of that country suffers, they may pull back from the united states. we're talking about crimea who are holding a referendum for greater autonomy. it's a greater impact. i don't think the impact will be that great. >> there is the ethical, moral issues involved whether or not they should help the ukraine. but as far as the economic connection, you think its simpler? >> i think if the intention thes flare-up between russia and u.s. and they're start to go, and they're pushed into a corner by the u.s. and aid by the european union, there could be an impact on the global energy crisis. >> let me ask you a question. we mentioned last month china with that bad economic report and then run on currency, peop
and the guy that's supplying the energy for the united states? >> host: where did you read they pay for leasing of the land and taxes? >> caller: that's just on the internet. >> host: zachary goldfarb, the oil companies and gas company to pay taxes and they do have to pay the federal government to lease these lands. >> guest: that's right. the reason the government thinks is there is its multiple. first, the government belief these are public lands in many cases and some some of the benefits of that oil and gas should spread the people in those committees and around the country and not just into the pockets of the company. secondly, there is enforcement, environmental regulations in terms of government oversight when you do natural resource billing and exploration in the united states to protect in private, natural habitats and so forth. that needs to be paid for as well. i think the funds and licensing fees go to that support. >> host: freelancer on twitter, how much debt did bush leave? i read 11.5 trillion spent in eight years and the gop act like they have nothing to do with the
a good economy, things like energy, things like financials are a hedge against that frankly is health care. we think it is the cheapest offensive sector out there and particularly we like pharmaceuticals and specifically we like pfizer. >> and you also you mentioned just financials and bank of america is another one of your recommendations. tell us what's the appeal with bac. >> like a lot of things we're looking at this year, we're looking at valuations. we think it's going to be a good year for banks in general. and we think it will be a better year in terms of stock price for those banks that are cheaper than average going into the year. we think bank of america is cheaper. we think it's going to be a good year for banks in general. >> energy has been a little bit or orphaned hasn't it, eric? >> absolutely. last year was horrible for energy. a lot of negativity was priced into commodities in general but specifically energy stocks. we think it got overdone. and again, our overweight in energy really is a manifestation of the fact that we think we're going have a good economy that's
impact for ukraine. peter cook tells us how the ukraine is fueling the energy debate here in the states. ukraine. the latest on president obama says russian president vladimir putin has breached international law. the present spoke to reporters earlier today on the situation in crimea. thatere is a strong belief russia's actions is violating international law. president putin seems to think -- has a different set of lawyers making a different set of interpretations. that is fooling anybody. everybody recognizes that, although russia has legitimate interests in what happens in a neighboring state, that does not give them the right to use force as a means of inserting influence. said heresident also has not spoken to president putin since the weekend. let's get the latest on the --und rumble bloomberg ground from bloomberg. what is the latest in the standoff? much a tensel very standoff. there's is an air base down in crimea. it was taken over by russian forces over the weekend. this morning, ukrainian troops -- 300 of them -- marched back to that base and said they wanted it back. soldie
. his funds blew away the market last year. you done want to miss hpicks. >>> the energy departmentç approving loan guarantees for first new nuclear power plant in years. christine todd whitman tells us whether this is the beginning of a nuclear resurgence in this country. >> and chipotle trying to walk back comments that rising costs associated with climate change could eventually force the company to take guacamole or salsa off the menu. we have a stock brawl coming up. you're watching cnbc, first in business worldwide. for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. the recent spike in energy p
the east of core ukraina lot of russian speakers there, fireworks in terms of energy prices in terms terms of energy prices in europe. >> europe depends on the infrastructure, tried to diversify a way away from russian energy, through the cast pecaspea sea. >> because the domestic supplies from these critical producers are dhoining, that really -- declining that really the pipeline supplies at a will be available for europe will be -- that will be available will be largely from russian gas. >> european leaders understand that, that's why they are calling for dialogue with, not sanctions against, russia. ali velshi, al jazeera. >> warren hogue, and from providence, rhode island, thomas nichols, professor of national security affairs. gentlemen, welcome. >> thank you. >> warren, let me start with you if i might. angela merkel suggested that the russian president is out of touch with reality tonight. is that just rhetoric or they have just lost control? >> i think what she said was he was from a different planet. i think exactly he is from a different planet. the russians view this differentl
energy costs down whether it be in refining where he has the best chemicals to be able to get the most gasoline out of dirty oil, for instance, in the turbo which is what you need to be able to low your -- get more mileage out of each gallon. that's a very important thing. and, of course, he does the cockpits for pretty much everybody. he's done a remarkable job in honeywell, my charitable trust owns it. it's just been a gigantic winner. at one point they asked him about activism and he had a great answer when your stock goes up all the time the activists don't call. good man. >> is it your favorite industrial name? >> definitely. >> really? >> yeah dave cody is a remarkable guy, and yes, i'll admit we are next-door neighbors and he's also a terrific guy in person. >> you can't argue with what he brings to the interview and certainly with the stock as you said. we'll watch that closely along with exxon also having a -- >> yes, down. >>> in the meantime, former microsoft ceo steve ballmer giving a talk to graduate students at the university of oxford's school o
stock for 10-plus years, other than the energy sector, and that is where we thought the lifting of all of that public policy and certainty related to all of the government issues we have had the last two years, that would be the main driver and that durable a much more placed to pick consumer oriented companies. indexdid see the pricing today -- it went up a point more than people thought, giving some hope it would rebound a little bit. but guess what? the r&d taxon of credits last year. congress did not renew those. we are seeing bid increases -- big increases in november and december. we have seen nothing in february so far. what we do not know is whether we will see that building and, whether there was a temporal, prime shift with black -- prime shift -- >> you think that is inevitable? >> the good part of the durable goods report last month, or last week showed a big pickup in january. we had in industrials conference. we got a lot of positive .necdotes from these companies they are much more interested in capital spending or even nurtures and acquisitions than vying back stocks. i
of the leverage that president putin does have. partly, he has the energy, which flows underneath ukraine and supplies so much of europe. and more than that, he has now threatened, we are told, to no longer use the united states dollar as a currency on the world market. what if he did that? maria bartiromo from the fox business network will join us next to talk about the ramifications of such a thing. whether he could do it and what it would mean to our economy. would it, as the russians say, cripple our economy? that's next. t! [bell rings] this...is jane. her long day on set starts with shoulder pain... ...and a choice take 6 tylenol in a day which is 2 aleve for... ...all day relief. hmm. [bell ring] "roll sound!" "action!" [ chainsaw whirring ] humans -- sometimes liferips us up. sometimes we trip ourselveup. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance
november tends to have less than its course without cctv. part of its commitment to grow its clean energy economy new york city has on bio dome and a roof top solar installation incorporating new technology if successful with ceci says the site will be of good friends of the politics of correspondence korea cuba as the story. this rooftop in the bronx. not only has a stellar view of manhattan but is now home to the city's largest solar installation. it has more than forty seven hundred solar panels which will generate in excess of one point eight million kilowatt hours of clean energy pre year it'll end up running over thirty percent of our time electric usage for the building of the post peter clare otc senior vice president jan term cash and carry a large steel food service supplier and invested in the project. he says energy costs at this two hundred thousand square foot location. among the biggest expenses. this facility with all the refrigeration and freezer that we had to take substantial the environmental protection agency says the installation will likely offset more than twelve h
will respond? the only country willing to bail out is russia the only country that determines the energy surplus so i think russia does have a decision making power. georgia would have been easy. i think he waits to play for the whole game because by made the ukrainians will be bankrupt or will be broke can you imagine saying vote for me? i want to raise your taxes and force the anti-corruption austerity budget. the russians know they fall in their lap. >> the signals that are sent to russia russian defense ministers saying russia is now planning the permanent military presence outside russia's borders including vietnam, cuba, venezuela, ni caragua singapore and other countries and back in november secretary kerry said the monroe doctrine is dead. did he just waved the flag for russian expansionism? >> that is one of many that the administration has been waving. as clap to america the monroe doctrine is not popular and tell it is needed then they want to know where the united states is of central and south america are very worried about russian participation adventurism and a return of r
regulation authority chairman welcomed the staff from the japan nuclear energy safety organization. he said there are great expectations for the new members as they have high skill levels and expertise. >> translator: i would like you to do your best, so our organization can gain the trust of the people as a regulatory body. >> the merger was planned in the wake of the 2011 nuclear accident in fukushima. nuclear regulators at the time were criticized for lacking expertise. the addition almost doubles the staff of the nra's secretariat. many of the newly joined engineers are retirees of nuclear plantmakers. the regulators are now examining safety measures at nuclear power plants across japan. a safety screening is a prerequisite for resuming nuclear power generation. all reactors in the country are currently offline. >>> japan's education ministry officials have revised teaching materials they made after the nuclear accident in fukushima. they want students to learn more about the impact of the disaster, in addition to getting basic knowledge of radiation. the ministry originally published b
. we know the structurally the energy market is changing. the loss isn't there. what is more important is the on tohat rwe is holding the guidance and they gave. , the current net income. they said we will make one point $3 billion. that is incredibly important if you are a dividend or stockholder in this company. kitchen seek is a colloquial term for dumping everything that is bad. if the with gusto. it is making savings. and howfunction exciting my life he gets on tuesday. renewables is a part of the business. it is barely 1%. record.ibility is at a that is according to bloomberg industry. that has a significant tale. new business is making record profits and expenditure is also at a five-year low. mothballing old plans. getting ready for 2022. why do i say that? germany comes off line. >> i was going to ask you about that. is a story about the german energy market changing completely. >> if you think about the edict -- green power wants to constitute 45% of energy production. up from under 25%. with energy.ution energy prices have been coming off a month after month. down by 15%. th
troops at all. ukraine relies on russia for most of its energy, using most of that natural gas to fuel their industry and heat homes. the fear is that that reliance will be russia's next weapon. russia could punish ukraine by cutting off the gas altogether. >> they are considering it. >> if russia turns off the gas, what would you do? >> we will try to turn the tap it another way. russia cannot the refusing gas -- cannot use gas as a weapon. >> back on independence square they know a thing or two about dealing with the cold. they have been out there for more than three months. they also know about gas shortages. russia has turned off ukraine's gas twice in the last decade. not everyone is convinced that the russians are up for that fight. >> ukrainians and russians? for how long will russia be able to be in this situation? it all goes through ukraine. what will happen? what will happen to their economy? >> night falls. they are celebrating in key avenue. back in their homes, the gas is still flowing. the next front is still an invisible threat. bloomberg, kiev. >> one man who knows how
that with ed royce. i think we need to take the fact that america in 2020 will be the leading world energy producer, so let's talk about that being used to be an offset to the russians because their energy is their weapon. if we're looking to make russia a pariah state, that's where the president needs to be talking. >> listen, i think there's a lot to be said for that. as you know i'm more of a clean energy guy but taking that away from russia, their monopoly in energy, is good. but republicans are missing an opportunity to look more bipartisan. >> congressman engel, i think what bothers republicans is how much the president and the administration seems to have empowered putin over the past few years. just to give you a couple of examples. russia controls the northern distribution network which is one of the main access points in afghanistan that our troops rely on to get supplies and food and water. putin controls that. putin is controlling our syria chemical weapons collection deal, which is a farce. putin is undermining our negotiations in iran. have we given him too much power? why ha
since thanksgiving. is that because the street now sees tesla as an energy company, not just an electric car company? we have one guest who's going to make that case coming up. >> that story, bill, tesla, has been the story all week. now, here's how we stand in markets. what were you going to stay? >> i was going to say an analyst price forecast for that stock are all over the map. from the $200 range to the $60 range. >> pun intended. any who, here's where the dow stands. up to 16,245. meanwhile, as we mentioned off the top, the s&p 500 up about six points to just about 1851 at this hour. that's three points above its all-time closing high. >> all right, everybody. belly up. let's talk about this marketing in today's "closing bell" exchange. we have a lot of people, more who will be joining us. heather hughes just sitting down. how are you? >> good. >> greg ip from the economist. we have john doyle, jim lowell from adviser investments. we have steve liesman, rick santelli. it's a cast of thousands here. steve, i'm going to start with you. give us the hits and runs of janet yellen's test
an interesting note this morning, there's energy in the ukraine that could supplant the russians as far as being a supplier to western europe. there's a lot of things going on here. we'll hear more about it. this isn't going to go away. >> david molnar, you point out we're hovering around the fifth anniversary of the beginning of this bull market from the lows of march of '09. it's getting long in the tooth. is this market just running out of steam. is this a good excuse to sell today? >> yeah, bill, i think that's exactly what we're seeing here is that the market is a little bit extended, a little bit tired after a big run here off the january lows. we needed to see something come along that would create an impetus for consolidation, even a short-term correction, and this happens to be it right now. i agree with the prior two guests that this is probably going to be a short-term correction. it's not necessarily, you know, a change in trend here, but i would point out we do have friday's employment report coming out that's going to dictate a lot about, you know, the future direction of fed polic
. to the extent we could impose energy sanctions on russia, understandable and effect because they rely so much but i would go one more step and say by 2020 we are expected to be the world's leading producer of energy and there's talk about exporting natural gas, we need to make it clear we need to start planning for the long game and we will have natural gas with allies that reliance on russian gas to be accountable. stuart: it is all about energy, isn't it? a lot of europe is supplied with natural gas, a lot of that comes through ukraine and from russia. therefore, there is a limit to a and forbid its natural gas to get into europe. the europeans will never look at that. stuart: we have to take into account the effect this will have on their economy, doing things that will affect their allies may not be beneficial but if the president came out today, he won't but if he came out today and said we are an energy powerhouse we are committing that in ten years we have great contract with our allies that would scare the russians. vladimir putin does things with long hall and he knows is only play i
. it is a loan guarantee. it still needs approval by congress. it would help cover some of the energy costs in the ukraine, because they would be losing probably the energy subsidies they get from russia. they are also talking about sending technical advisors in a whole host of areas first to work with the central bank and finance ministry, also to train election monitors, there is the hope there could be an election in may in ukraine. and the hope is that the u.s. can train monitors to ensure that is a free and fair election. and they also want to send technical advisors to help ukraine identify and recover any stolen assets we have heard about president yanukovych and the oligark, spirit billions of dollars out of the country. the administration has been saying that it has a wide host of sanctions that it can consider. they would be done through presidential executive order. they have already taken some diplomatic steps. they have pulled back on preparations for the g-8 summit. they have canceled trade talks. and what they are talking about as far as further sanctions could be the freezin
to happen. but at the end of the day, the only options we have are to increase our own energy independence, put energy in a position where putin doesn't have access to the energy reserves and to the reknew that's he's had in the past. so whether this president does it or the next president does it, somebody has to do it. and i keep going back, shannon, you know, we survived jimmy carter, we're going to survive barack obama, but it will be incumbent on the next president to stop president obama. otherwise, neither will stop president putin. >> always good to see you. thanks so much. >> thank you, shannon. >>> the top democrat in the senate says the obamacare horror stories are live. that has some experiencing them first hand pretty fired up. >> i'm completely outraged. it's absolutely ridiculous. >> we're going debate the issue fair and balanced, of course, next. >>> another snowstorm spreading across the country gearing up to hit the east coast tonight. whether you want them or not, you need to know. [ female announcer ] a classic macaroni & cheese from stouffer's starts with freshly-made
's parliament, kerry promised a billion dollar loan guarantee designed to ease the sting of energy costs. officials traveling with kerry had voiced concern that russian president vladimir putin who last week sent tens of thousands of forces may be preparing for a larger invasion of eastern ukraine. putin himself looking relaxed at a state res dnls outside moscow held a rare news conference in which he suggested any such broader invasion would be a last resort but well within russia's right because they have received approval by yanukovych. >> even if i take a decision to use armed force, it would be legitimate, in the norms of international law, and in this case, it would also correspondent to our interest in protecting the people who are closely tied to us historically, culturally, economically. >> kerry has emphasized the u.s. wants to de-escalate the crisis, responding to putin's comments. >> he really denied there were troops in crimea? >> yes, he did. >> i have spoken directly to president putin today as i can. it is not appropriate to invade a country and at the end of a barrel of
. we see an energy prices up. so we see an uptick for brent. point when these oil prices continue to uptick. it will get to a point where people will start thinking about inflation. perhaps what it could mean for growth ahead. for gold, one point three percent, we are now at $1343. a $150 gain so far. north korea, when that happens, we usually get an uptick along the south korean defense plays. naver corp, two percent down after gains last week. i will be back later on. john, back to you. j.crewican fashion has -- has friends in very hype very high places. and may have a new owner. >> that is the country trading in the japanese trading session. they may acquire j.crew for a deal valued at the $5 billion. really looking to make inroads in the u.s. unwilling to grow and expand overseas. they want to be the world's largest clothing retailer. so they are betting on scoop-neck tees and cardigans. the bigs fan is michelle obama the united states. she loves them. i love -- i wear some j.crew j.crew -- i wear some clothing. it is hard to buy it here. leonard green has been the guy behind
this is a tiny economy and russia is a third world economy for its energy sector but the point is -- bob, let me go to you. the point is europe could get involved, natural gas shutdowns could get involved and these kinds of tensions have a way of rippling through. i like this reuters announcement, i'm going to assume it's true. i like the sound of it. the stock market may not like the sound of it because it's the united states being tough and kind of in your face to putin. let's face it, bob, putin's thugs have taken over the sovereign state of crimea, ended the legislature, ended the prime minister and therefore we've got to do something about that. >> correct. forget these statistics. the ukraine is one quarter of one percent of whatever. 1997, larry, i was down on the floor of the new york stock exchange when the tide bot collapsed and nobody was saying that tie land was an important part of the economy but the ripple effects around the world were felt in other economies. it's the butterfly wings in africa that causes storms in the united states. >> it was the anchovies off the coast of peru.
are under way. they can develop alternative energy supplies, including fracking. including as the united states becomes an energy exporter, there are alternative sources there in the future and sources -- the inauguration of of the new pipeline project from the caspian sea which will be a new route for gas supplies into europe, not passing through russia, not from russia. this infrastructure will take time to develop but it is important to do so. the world is becoming increasingly unstable. this latest example to world peace is the classic case in my view. will the foreign secretary array with me -- agree with me that our country must rethink the funding of our armed forces to make sure we have the ships, the navy, the air force to me potential threats in the future. i am not hinting we should go to war on this case but it is a reminder we need to keep our defenses up. in an unstable world we do need to keep up our defenses, that is right. that is why this country is investing in some very sophisticated military projects for the future. as twotain the spending percent of our gdp on defen
, this will be a forum to show competing issues. but the republicans will offer general bills on taxes, trade, energy, regulatory curbs. pointing outl be the upbeat economic outlooks after all of these showdowns. >> we know congressional hearings on the budget begin ron wyden. what do you expect to hear on that? >> talking about leaving room for more priorities. heen is new to the panel and has his own ideas on tax policy. forum, it is a for them -- for airing out ideas. you will not see the senate democrats doing their own budget plan because they feel the agreement already put the spending caps in place. meanwhile, house republicans will have their plan pitted against their blueprints and that is the opening salvo, shall we say. >> house republicans met and talked about alternatives to the health care law and there is a bill scheduled on the house floor on the individual mandates. what about that bill and current republican strategy? they've moved away from just trying to repeal it. same effect of the bill they passed last year and they are giving relief from the overhaul and causing them to delay
the world. >>ali, shock wave to the energy prices? >> yes, oil prices, that is global, that rose 2%, $105s a barrel now and we are going to feel that at the pumps and the price natural gas in germany and uk jumped 10%. germany is an industrial power house and depends on natural gas for electricity and call coming from russia, 40% of the the natural gas coming from russia through the ukraine and that is not good news. this is not affecting u.s. natural gas. we don't want to see russia pushing europe back into a recession because we all know that hitting us all. >> what other aspects are you looking at? >> i am looking at a guy that bidding plumbing and manufacturing parts and he exports them and invests in a factory operation in crimea, and he's doing this for a while and i am going to talk to him about affecting his business so we are connected. >> thank you, ali and thank you. we have a response to the ukrainian crisis on social media. >> ukrainians are going online and expressing their feelings on what is happening in their crime. a woman is saying she wants peace, not war and take a loo
to be placed on russia economically. they are an energy export dependent economy. once that we can do is to open up our export of liquefied natural gas. it will have a huge impact on the price and that russia enjoys in their monopoly dominated europe. i have a bill that would have expanded the gas exports to nato. dropping a bill today that will expanded even further. entering this in the national market and economically impact russia. neil: at the very least we should re-examine our opposition to drafting and some states. that is just more energy for us and the one thing that i'm curious about is it's precisely that energy independence. we need a lot of energy coming via russia and the ukraine. so don't think that. >> it certainly is an issue. they are, as you describe, being economically impacted by some very old things. this president needs to step it up and in that weakness, russia will be adventurous spirit even if they are and they start feeling the pain of their own stupidity or bullying, maybe that is what gives them cause in the future and tyrants who might think about doing
a billion dollars of energy subsidies then we can warn that his government was going up from the sanctions to impose and russia. as soon as this week so far the sanctions and diplomatic isolation appeared to be having little impact will be hearing from our reporters throughout the region often visible on the laces fuss moving to them while we still see me and putting them into the panic among the non ukrainian treat the nice in the green the emboldened by the team's presence. they seek to negotiate with the russian forces controlling and things the russian soldiers on meeting the times reported from time magazine present at the seams. eventually backed down. instead they have to await orders from moscow to how to proceed. it is judging into tin for the last time consequence teens from the press in advance of the last week. he was asked his opinion on the change of government in ukraine. later the russian speaking population that is being commissioned and under what conditions moscow and st so you can see non said the handling and unconstitutional keen in ukraine. he soon became the new com
of conserving energy and reducing emissions remains arduous. >> reporter: and he promised the government will severely punish public servants and others involved in corruption. after the session we asked some delegates about li's report. >> translator: i think the campaign against corruption should be more tightened up. it's also set out in report. only in doing so the government could do its own duty. >> this i think is a basement, there will be some problem. so we need to do things step by step. >> let's now talk more about the government work report. nhk world kyoko fujita spent the day going through it. let's start by talking about the 7.5% economic growth target. what's behind the decision to maintain that figure? >> well, this is very much what china's economy from one that's export led to one that relies more on domestic consumptiocons. here's more of what premier li had to say. >> translator: we set the growth target at around 7.5%, because we considered that was necessary. and feasible. >> since coming into power last year, president xi and premier li have been focusing on quali
european cell wondering whether the current crisis will suck because of the home when it comes to energy. cctv jackpot and filed this report from brussels. ukraine continues to brace itself for shopping places in the price of russian gas or even gasp cops europe is also in calculating how badly the current crisis could hit its own energy supply. it's pure been told who consumes about four hundred fifty billion cubic meters of casper year. and some two thirds of these are imported from third countries. tom and one third of toast with guards are from russia. that adds up to about a quarter of europe's gas coming from russia. how stations back in the lights on. pastor warms up comes in a bull dog central heating. strong yes about how the eu russian gas supplies wrong for you cry in two thousand and nine when the kremlin cup gets during a rally with kiev because has a list in your that was during a very harsh winds of winter just passed laws that take you a mile of the sort of fit in well so we're going out clothes someone so when all talking about an immediate crisis swan contingency plans
goes up. i will stay stock specific and oil names like encan ma and new star energy. i take off a lot of risk across the board. go back to my screen and take some risk off going into this situation on friday. melissa: don't move. i want to get some more reaction from you in just a moment. >> budget i sent congress this morning lays out how we'll implement this agenda in a balanced and responsible way. it's a road map for creating jobs with good wages and expanding opportunity for all americans. melissa: so the president released his budget proposal today. his direction is clear. he wants to tighten guidelines for the rich. extend tax breaks for the poor and help students with loans and raise the minimum wage to 10 person $10 an hour. thanks for joining us. -- $10.10 an hour. >> thanks, melissa. melissa: what do you like about what you heard? >> most republicans and democrats agree the earned income tax credit actually works. i think that is positive. some of the ideas on infrastructure were way behind. we're hopelessly behind on infrastructure spending in this country. we'll have to d
in europe and it has really shrunk. potentially, they have big energy plans for europe. >> it is not proven yet. >> if it turns out that american companies are there -- >> let me ask about the united states. >> yeah. crimea, the have gas and -- but let me ask you about the united states role. you had friendly relations with george bush and you had good relations with the obama administration. i expect that you feel that the administration was not as helpful to georgia as they could have been and will not be as helpful in the ukraine because the united states has bigger fish to fry with russia. i do not think anybody can afford to neglect this. if they do, it is a major disaster. this guy is dangerous. this is going to continue. it is not limited to crimea. it allows us to have another crisis moving somewhere and everybody forgets what happened in georgia apostates. it is getting shorter and -- ter and >> to be fair, he said that he did not feel any need to escalate. >> they are using the word of escalation stop there with the occupation and europeans might escalating.is he is escalating. le
is exceptionally weak in ukraine. and what's more, the eu imports most of its energy from russia, which is a top oil producer. should putin take the risk and turn off the taps, as he did with ukraine in 2009 and in 2006, it could spell disaster for europe and, perhaps, the u.s. as the "new republic" notes, "any supply shocks in europe that send prices higher will have ripple effects that raise gas prices in the united states." fiona hill is an expert on russia and eurasian affairs at the brookings institution. fiona, thanks for being here. let's start with that question. you do have a lot of criticism of the president saying that he needs to take stronger action. what conceivable stronger action could be taken? >> well, the problem is, as you've just laid out, that the strong action that the president can take really is very dependent on being in lock step with our european allies. the real impact of any sanctions would only be felt on russia if the eu and other key allies are with us in the way that we are all acting together in the sanctions against iran and our dispute over iran's nuclear pro
issues. this is the energy department's largest clean up anywhere in the united states. trying to take those 56 million-gallons of radioactive sludge that were in underground tanks. they are trying to turn that into solid glass. it is a massive project. how does this work? >> well the 17 self-tanks are distributed over quite a few square miles with an intricate net of pumps and pipes. when it is pumped to facility that i was previously supporting, we would then treat that waste chemically to get some of the more dangerous constituents out of it and then after we had treated it chemically we would put it into a melter with glass heat it up to high temperatures. >> the tanks that were underground were beginning to leak. they were old and the danger was some of them were fairly close to the colombia river and there is fear that somehow some of that radioactive material could get into the river. >> it is a fear based on reality. the single shell tanks which were actually decommissioned in the 40s and 50s, those tanks are known to have been leaking into the environment for years. we have co
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